Feb 22 (Reuters) - Snap Inc Chief Executive Evan Spiegel received $637.8 million as total compensation last year after the company went public, the third-highest annual payout ever received by a company’s CEO.

Och received an annual compensation of $918.9 million in fiscal year 2007 and $1.19 billion in 2008.

Spiegel's pay package is based on stock-based awards worth $636.6 million and salary and other compensation worth about $1.2 million, according to a security filing by Snap on Thursday. (bit.ly/2ohmPC6)

“I believe this is the largest value we have seen in the 10 years we’ve been compiling annual ‘highest-paid’ CEO studies,” said Dan Marcec, Director of Content at executive compensation data firm Equilar.

Spiegel earned $98,078 as salary in 2017, according to a security filing by the company.

Shares of Snap rose in February above its IPO price of $17 for the first time since July.